LinkedOut

LinkedIn, the social-networking site for business professionals, is firing 10 percent of its workforce, or about 36 jobs, “as part of a restructuring to focus on its revenue-producing businesses,” according to CNET.

It’s not clear which parts of LinkedIn’s business were not “revenue producing.” In a recent interview with the Chronicle, CEO Dan Nye said the Mountain View company had been signing up new members at the rate of one per second during the past month. He was also highly bullish on the various revenue streams LinkedIn users were generating. That’s apart from the $22.7 million in new VC funds acquired in August, and the $53 million it raised in June.

Kay Luo, the company’s director of communications, said in an email that the layoffs are aimed at keeping LinkedIn cash-flow positive.

That’s interesting, because in his Chronicle interview Nye said LinkedIn had plenty of cash on hand for a rainy day. Perhaps he decided to put the umbrella up now, just in case.